The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on June 20, 2025 for Pristine Malwa Lagistics ....
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The promoter of Sical Logistics, Pristine Malwa Logistics Park Pvt Ltd (which holds 90% of the company or about 5.87 crore shares), has created a pledge and non-disposal undertaking on its shares on June 17, 2025. A total of 3.33 crore shares (51% of total share capital) have been encumbered in favour of Catalyst Trusteeship Limited as security trustee. Of these, 3.28 crore shares (50.34%) are pledged and the remaining are under a non-disposal undertaking. The value of the pledged shares is approximately Rs 353 crore, against a loan amount of Rs 250 crore, giving a security cover of 1.41 times. The encumbrance is linked to a HoldCo Undertaking cum Subordination Deed and an Unattested Securities Pledge Agreement.
This is a significant encumbrance — over 50% of the promoter holding is now pledged, which is above the regulatory disclosure threshold. While the pledge provides a healthy 1.41x security cover and no shares have been invoked, retail investors should be aware that a large portion of promoter shares are now locked as collateral, which could increase pressure on the stock if share prices fall sharply.